All Blog Posts Tagged 'FX' (166)

EURO FX -- Trade Setup

A break of 1.3580 may setup a test of the 1.3500 level.

Closing above the 1.3695-1.3705 level may setup a test of…

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Added by Futuristic on July 4, 2014 at 4:06pm — No Comments

Societé Generale - Core FX views

Societé Generale - "Core FX views:

1) Buy ‘cheaper’ EM and high-beta currencies. ZAR and TRY stand out, perhaps INR too on valuations. See our EM colleagues’ thoughts for more details.

2) Wait to sell overvalued G10 currencies. That really means waiting to sell AUD, NZD and CAD at better levels. I'd better warn that AUD/USD above 0.95 might be irresistible however!

3) EUR/USD and even more so GBP/USD can still squeeze higher.

4) USD/JPY is in a range, and if it breaks, it…

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Added by Francesc Riverola on May 9, 2014 at 8:40am — No Comments

Barclays' Top FX Trades For 2014: long EUR/CHF & USD/CHF

Trade (thematic trades): long EUR/CHF, and USD/CHF

Rationale: 

• We remain CHF bears despite its recent resilience.

 The reasons for CHF strength most often discussed by market participants fall into three groups:

• Persistent current account surpluses leading to appreciation pressure on the CHF.

• Expectations for a softening in the CHF floor, driven by a better economic outlook.

•…

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Added by ZeusFXTrader on December 15, 2013 at 10:14pm — No Comments

EURGBP - Upside failure turns focus back south

Although the sequence of 2 down weeks ended last week, it is the weakness of the rally that is assessed as more important. Profit taking demand over the 1st two days of last week took EURGBP to the top of the weekly Ichimoku Cloud, back inside the daily Cloud and above the key 13 day m.a.

But this proved temporary with selling renewed in the last 3 days and only minor net gains posted by the close. This price action leaves sentiment mildly negative and we're looking for a…

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Added by Alan Collins on November 18, 2013 at 7:09am — No Comments

EURGBP - Bullish outside week to lead higher this week

3 weeks of fluctuating price action in EURGBP were followed by a rejection of initial lows and strong buying in the last 5 days. The resulting gains, using a Marabuzo line from January as a platform, created a Bullish Outside Week.

This positive pattern often signals a change in market sentiment and with the daily Keltner channel trending positively now and the 13 day mvg avg exceeded for the first time in a month, we look for demand to continue.

.8532 and towards .8591 are valid…

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Added by Alan Collins on October 7, 2013 at 6:32am — No Comments

USDCHF - Keltner channel trending - 2012 lows in focus.

The market failed to extend Tuesday’s rejection of 20-month lows. Instead selling pressure was renewed but although a 3rd negative performance from the last 4 days resulted, net losses were modest and the week’s lows went untested. This means signals are not strong going into today but with the Keltner channel trending bearishly, limited rallies and renewed selling in Asia the focus remains on the downside with a move through .8993 confirming a exposing .8972 then towards the 2012…

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Added by Alan Collins on October 3, 2013 at 6:40am — No Comments

USDCHF Selling Resumed. Keltner channel Bearish. 2013 low targeted

Although net downside yesterday was not extensive, the move to new 7 month lows was enough to signal an end to 4 days of trendless trading. USDCHF continues to hug the Keltner channel base with rallies capped well below the 13 day m.a and so although oversold extremes are a concern we're looking to downside levels .9079, .9042 or even .9022 - the latter in the coming days.…

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Added by Alan Collins on September 26, 2013 at 7:22am — 2 Comments

EURGBP - Key Average broken. Rally to build

Wednesday’s rejection of 8 month lows extended yesterday. The strongest performance of this month resulted with a rally that took the cross marginally through the key 13 day moving average that has capped prices throughout September. Despite overbought extremes, intraday signals are also supportive and so we look for this demand to extend.

.8454/65 is the immediate target area. .8481 behind that.…

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Added by Alan Collins on September 20, 2013 at 6:30am — No Comments

Live Trading Update Aug 6 2013

Hello Folks

The past few weeks trading has been a mixed bag, haven't managed to have anything stick so currently in no positions and playing the waiting game hoping for setups to fall in to my trading zones. Persistence is key for me right now. Stick to the strategy and setups will come.

If you would like more specifics about my strategy, click here to see my…

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Added by Rob Helean on August 6, 2013 at 5:30pm — 2 Comments

Trading Price Action and Fractals

Hello Traders

In a previous live trading video, I received some feedback about why I put the buy and sell trading boxes where I did. To explain, I thought it a good idea to create an video on it to show the logic. It’s all to do with a combination of price action and fractals. Understanding the concepts of these are important to any trader, so if you are weak in this area take a look at this video where I…

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Added by Rob Helean on July 30, 2013 at 2:18pm — No Comments

Live Trading Update: July 23 2013

Hi Folks

Just to mix things up a bit, I decided to record and walk through my analysis and trade planning today. While the principles are fairly standard, I like to work on high levels of efficiency with my trading as you will see with my approach. In 10 minutes, it's basically done. 

If you would like to keep receiving such videos, please let me know. I will follow-up with this video to show you the outcome. 

Regards

Rob…

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Added by Rob Helean on July 23, 2013 at 5:08pm — 32 Comments

The Last 12 Months – Profits and Emotions

I recently received a mail requesting I explain the improvements I made with my trading in the past 12 months. If you didn’t see it, I recently created a video to launch the NGFX Blog and stated in the video that I had learnt more in the past 12 months trading than I had in the past 5 years.

So what did I learn you might be thinking? Basically I approached trading from a completely…

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Added by Rob Helean on July 21, 2013 at 12:59pm — 3 Comments

Ideas About Trade Management

If you have struggles with trade management, take a look at this video where I cover off some high level ideas that you should consider and then provide a brief overview of how I currently manage trades.

I cover three things that are important, firstly the type of trade you are taking (e.g. scalp, spot, swing), whether you like to take profit proactively, or trail your stop, and how your personal emotions impact your trading.

If you can work and settle on these, you should go a…

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Added by Rob Helean on July 19, 2013 at 1:35pm — 14 Comments

Working on Trade Entries

Thanks to everyone who sent in their feedback for trading blog topics. By far, trade entries were something that stood out, so this video provides you with some ideas and examples of trade entries and some changes you should consider.

Reading between the lines of all the messages we received, it looks like too much emphasis is been put on trade entry and not the real purpose of trading – making money. The more you focus on the latter, trade entries will become an easy obstacle to…

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Added by Rob Helean on July 18, 2013 at 5:18pm — 1 Comment

Elliott Wave Overview: EURUSD and USDCHF

The FX market and commodities are still trapped in consolidation pattern while the US stocks futures are moving higher. A lot of USD pairs are showing very clean signs of a corrective price action, so it seems that USD will depreciate in the near future which means that EUR, GBP, CHF, AUD and CAD will most-likely gain.

On the EURUSD we are tracking two wave patterns, but both corrective. We however like the first wave count; straight move up to 1.3200. Intra-day traders/scalper will…

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Added by Gregor Horvat on July 16, 2013 at 8:13am — No Comments

Elliott Wave Count For EURUSD: Pair May Hit 1.3000

Gold fell to a new low during Asian session with a delay reaction to strong US economic data released yesterday. Good US data means that FED is closer to tapering which is the reason for a sell-off on metals and stronger USD. EURUSD also reached new low at 1.3050 which could be wave five in 1 so corrective recovery may follow soon in wave 2 but remains unconfirmed as long as upper trend-line of a trading channel is in place. So for now pair remains in bearish mode for possible test of…

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Added by Gregor Horvat on June 26, 2013 at 8:42am — No Comments

EURUSD: Looking For Minimum Three Legs Down

EURUSD fell sharply lower last week from 1.3415 which we believe it represents impulsive decline. As we know, impulses show direction of a trend or change in trend, so we think that EURUSD has reached a  top and that pair is headed lower, minimum in three waves even if decline will be corrective. As such, we labeled first leg down as wave 1 followed by wave 2 which may already be underway. Ideally wave 2 will find resistance around 1.3250.

EURUSD 4h…

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Added by Gregor Horvat on June 25, 2013 at 7:00am — No Comments

EURUSD: Bearish Reversal In Progress; Three Legs Down

EURUSD reached new highs in this week around 1.3415 from where we have seen a sharp fall yesterday , clearly in impulsive fashion. As we know, impulses show direction of a trend or change in trend, so we think that EURUSD has reached a temporary top and that pair is headed lower, minimum in three waves even if decline will be corrective.  We will be tracking A-B-C legs to the downside. Pair could hit 1.3150 in the next few trading days. …

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Added by Gregor Horvat on June 20, 2013 at 9:19am — 4 Comments

EURUSD: Final Stages within Uptrend?!

EURUSD reached new high yesterday so we assume that wave 4 is already complete and that wave 5 is underway which has room for further gains, towards 1.3500 in sessions ahead. Meanwhile 1.3318 support must hold, otherwise we would assume that top is in place. From a larger perspective we need to keep in mind that wave 4 was a triangle and that triangle always occur prior to the final move of the larger pattern, which means that current leg up will sooner or later complete a bullish…

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Added by Gregor Horvat on June 19, 2013 at 7:51am — No Comments

Time diversification and trading currency pairs, USDJPY case

Trading currencies via online trading platforms has given unique opportunity to retail Forex traders to execute their orders with real time rates so fast and accurate. Even by applying programmed strategies it might be done faster than manual actions to click on sell/buy (soft) buttons. Technology has a key role to make a fast -actually very fast- environment for FX traders.

In this environment opening and closing positions quickly is a popular method which is known in extreme cases…

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Added by Ali Karbalaee on May 29, 2013 at 8:09pm — 8 Comments

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